Welfare Effects of Housing Price Appreciation in an Economy With Binding Credit Constraints
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KeywordsHousing price appreciation; aggregate welfare; binding credit constraints; endogenous housing price; demand and supply side shocks; median household income.;
- R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
- R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2007-09-30 (All new papers)
- NEP-BEC-2007-09-30 (Business Economics)
- NEP-DGE-2007-09-30 (Dynamic General Equilibrium)
- NEP-URE-2007-09-30 (Urban & Real Estate Economics)
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